Miniaturization continues to transcend our wildest dreams; and here’s another example. Very recently, Reliance Mutual Fund launched a Systematic Investment Plan (SIP) which requires a meagre bit sized investment of Rs. 100. Prior to this, UTI Mutual Fund had also launched a SIP with a minimum stipulated investment as low as Rs. 50 (only for its retirement benefit plans). Well, these developments portend far reaching consequences for the investing community. If one digs into the concept of SIP, the instrument embodies a number of advantages.
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Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative